RDR

The Investment Management Association (IMA) is holding back on releasing new recommendations regarding the calculation of sector averages and fund performance, amid a lack of clarity over fund groups' post-RDR share classes.

REGULATION

Regional investment manager Redmayne-Bentley has tripled its asset base to £4.5bn over the past three years, capitalising on the demise of local competitors.

The Retail Distribution Review (RDR) has "intensified the competitive environment", according to wealth manager Brewin Dolphin, as it announces profit before tax for the year to September was 4% down on the previous year.

Hargreaves Lansdown has pushed back its widely anticipated pricing announcement until next year, having previously said it would be revealed in early December.

Treasury Select Committee (TSC) chairman Andrew Tyrie has called on the industry to help parliament hold the financial services regulator to account to avoid "excessive regulation" that could "create the stability of the graveyard".

Fund groups are facing a fresh headwind to their expansion attempts as global private banks' buy lists shrink post-RDR.

Standard Life Investments' Ed Legget reveals how he has returned over 300% in five years to investors, why he is selling banks, and why now is the right time to return to the mining sector.

QUICKFIRE Q&A

RDR